Fee charged by a syndicate, equal to the difference between the gross sales to investors and the net proceeds received by the issuer. see also spread, final prospectus.
An amount representing the difference between the price at which securities are bought from the Issuer by the Underwriter and the price at which they are reoffered to the investor.
The difference between the price that a selling corporation receives for an issue of securities and the price at which the issue is sold to the public. The spread is the fee that investment dealers and others receive for selling securities.